PHOENIX-This year's takeover of Del Webb makes surplus property of a grandiose, three-building office complex. The 125,340-sf corporate center carries a $19.8-million ticket, but it was built at a time when no expense was spared on design and materials.

PHOENIX-The Valley's largest retail video retailer, Blockbuster, has lined up five spots in the Valley. In all, 21,600 sf has been spoken for, with store openings planned for November and Q1 2002 in Scottsdale, Gilbert, Mesa and Phoenix.

PHOENIX-As construction nears a close on the 410,000-sf Phelps Dodge Tower, two more tenant come on board. More are expected before the tower opens in November. To date, 285,000 sf has been pre-leased.

TUCSON-The Pascua Yaqui Indian Tribe cuts the ribbon Oct. 14 on its first leg of development to become the state's largest casino venue. Work is under way on the second phase, calling for a 240,000-sf casino, seven restaurants and entertainment complex.

PHOENIX-Only four submarkets post positive net absorption, with the balance being in such bad shape that industrial vacancy spiked 1 1/2 points in the third quarter. It's ugly, says a Grubb & Ellis broker after seeing the firm's latest market analysis.

FOUNTAIN HILLS, AZ-KFC of America stakes out its spot in the Four Peaks Plaza in Fountain Hills. The popular chain is the first restaurant to sign for the Kimco development, grabbing a 36,445-sf, long-term ground lease.

TEMPE, AZ-A 21,600-sf office-warehouse is under new ownership in a $1.7-million deal between Dahill Imaging Systems and LGE Corp., a real estate investment company in Phoenix. Dahill will use 14,700 sf for its operations and lease the balance.

PHOENIX-The Douglas Allred Co. has secured $11.4 million in financing for an industrial facility in the Southbank Business Park. Manulife Financial provided the loan in a deal structured by Houston-based L.J. Melody & Co.'s Phoenix office.